TALO on NYSE

Talos Energy

American oil and gas company

Talos Energy Inc. is an oil and gas company that engages in the exploration, development, and production of oil and natural gas properties in the Gulf Coast and Gulf of Mexico.3 It is headquartered in Wilmington, United States.1 Wikipedia text CC BY-SA 4.0

$16.94 down 0.09 (0.53%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 21, 2026.

Overview

2012Founded1

Compare with Diversified Energy Co, Denbury Resources or Vista Oil & Gas, or pick any stock.

  • TickerTALO on NYSE1
  • Industrypetroleum industry1
  • HeadquartersWilmington, United States1
  • Websitewww.talosenergy.com
  • Incorporated inDE6
  • Business address333 Clay Street, Suite 3300, Houston, Tx 770026
  • Filer categoryLarge accelerated filer6
  • Legal formCorporation4
  • LEI549300OKFHZ84SFJFT954
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressCorporation Trust Center, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 66156244

Talos Energy Inc. is an oil and gas company that engages in the exploration, development, and production of oil and natural gas properties in the Gulf Coast and Gulf of Mexico.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-31.5%Operating margin9
-27.8%Net margin9
-9.8%Revenue growth, 20259
-22.8%Return on equity9
0.57×Debt to equity9

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Oil and Condensate brought in 88% of the revenue Talos Energy broke down this way in fiscal 2025.

  1. Oil and Condensate$1.6B988%down 14% from 2024
  2. Natural Gas, Production$169.4M910%up 61% from 2024
  3. Natural Gas Liquids (NGL)$50.2M93%down 19% from 2024
Products and services by year
Products and services202320242025
Oil and Condensate$1.4B$1.8B$1.6B
Natural Gas, Production$68.0M$105.5M$169.4M
Natural Gas Liquids (NGL)$32.1M$61.9M$50.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs85¢$1.5B
  • Interest9¢$163.4M
  • Income tax6¢$109.2M

Out of $1.8B in revenue.9 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks13¢$119.5M
  • Kept or used elsewhere87¢$816.4M

Out of $935.8M of cash from operations.9

Financial statements

Revenue101112139$1.8B in 2025+96% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $908.1M$908.1M20192020: $575.9M$575.9M2020−37%2021: $1.2B$1.2B2021+116%2022: $1.7B$1.7B2022+33%2023: $1.5B$1.5B2023−12%2024: $2.0B$2.0B2024+35%2025: $1.8B$1.8B2025−10%
Operating income101112139-$560.3M in 2025
-$1.0B-$500.0M0$500.0M$1.0B2019: $213.1M$213.1M20192020: -$421.3M-$421.3M20202021: $374.6M$374.6M20212022: $736.1M$736.1M2022+96%2023: $209.8M$209.8M2023−72%2024: $172.9M$172.9M2024−18%2025: -$560.3M-$560.3M2025
Net income101112139-$494.3M in 2025
-$500.0M-$250.0M0$250.0M$500.0M2019: $58.7M$58.7M20192020: -$465.6M-$465.6M20202021: -$183.0M-$183.0M2021−61%2022: $381.9M$381.9M20222023: $187.3M$187.3M2023−51%2024: -$76.4M-$76.4M20242025: -$494.3M-$494.3M2025+547%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Total revenues$1.8B$2.0B$1.5B
Lease operating expense$546.7M$566.0M$389.6M
Production taxes$418.0K$1.4M$2.5M
Depreciation, depletion and amortization$1.1B$1.0B$663.5M
Impairment of oil and natural gas properties$454.5M$0$0
Accretion expense$125.3M$117.6M$86.2M
General and administrative expense$155.4M$201.5M$158.5M
Other operating (income) expense$1.8M-$109.5M-$52.2M
Total operating expenses$2.3B$1.8B$1.2B
Operating income (expense)-$560.3M$172.9M$209.8M
Interest expense-$163.4M-$187.6M-$173.1M
Price risk management activities income (expense)$105.5M-$1.5M$80.9M
Equity method investment income (expense)-$1.8M-$10.3M-$3.2M
Other income (expense)$15.5M-$44.9M$12.4M
Net income (loss) before income taxes-$604.5M-$71.4M$126.7M
Income tax benefit (expense)$109.2M-$5.0M$60.6M
Net income (loss)-$495.3M-$76.4M$187.3M
Net income (loss) attributable to noncontrolling interest-$1.0M$0$0
Net income (loss) attributable to Talos Energy Inc.-$494.3M-$76.4M$187.3M
Basic-$2.82-$0.44$1.56
Diluted-$2.82-$0.44$1.55
Basic175.1M shares175.6M shares119.9M shares
Diluted175.1M shares175.6M shares120.8M shares

Compare Talos Energy with another company

Corporate structure

Talos Energy sits at the top of its group. 14 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Talos Energy

  • Talos Energy Wilmington, Delaware, United States
    • Talos Energy Offshore LLC Subsidiary · Delaware, United States
    • Talos Energy Operating Company LLC Subsidiary · Delaware, United States
    • Talos Energy Phoenix LLC Subsidiary · Delaware, United States
    • Talos Energy Ventures LLC Subsidiary · Delaware, United States
    • Talos ERT LLC Subsidiary · Delaware, United States
    • Talos Exploration LLC Subsidiary · Delaware, United States
    • Talos Oil & Gas LLC Subsidiary · Delaware, United States
    • Talos Petroleum LLC Subsidiary · Delaware, United States
    • Talos Production Finance Inc. Subsidiary · Delaware, United States
    • TALOS PRODUCTION INC. Subsidiary · Houston, Texas, United States
    • Talos QN Exploration LLC Subsidiary · Delaware, United States
    • Talos Resources LLC Subsidiary · Delaware, United States
    • Talos Third Coast LLC Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Talos Energy reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$11.1B9 Dec 31, 2025$10.4B9 Dec 31, 2024+6.9%
Accumulated depreciation$6.7B9 Dec 31, 2025$5.2B9 Dec 31, 2024+28.8%
Property and equipment, net$4.4B9 Dec 31, 2025$5.2B9 Dec 31, 2024−14.9%
Operating-lease assets (leased space)$9.2M9 Dec 31, 2025$11.3M9 Dec 31, 2024−18.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$362.8M9 Dec 31, 2025$108.2M9 Dec 31, 2024+235.4%
Stakes in other companies (equity method)$112.4M9 Dec 31, 2025$111.3M9 Dec 31, 2024+1.0%

The story

The company was founded in 2012 by Timothy Duncan with a $600-million equity raise from Apollo Global Management and Riverstone Holdings. The company is based in Houston, Texas.

In July 2017, Talos Energy, Premier Oil, and Sierra Oil & Gas announced that exploratory drilling in the Zama-1 field, located in the shallow waters of the Gulf of Mexico, had uncovered a formation with between 1.4 billion and two billion barrels of light crude oil. Because not all oil present is such a formation is technically recovered, it is believed that the formation could yield about 425 million barrels.

In May 2018 Talos Energy Inc.("Talos") completed merger with Stone Energy Corporation (NYSE: SGY) ("Stone") and became Talos Energy, Inc. The new company trading on the New York Stock Exchange under the new ticker symbol "TALO".

In December 2018 Talos Energy started Zama discovery appraisal program, which will consist of three reservoir penetrations. The Zama-2 appraisal well is the first appraisal penetrations drilled to better define the resource potential of the Zama discovery. It was drilled in a down-dip location approximately 1.3 miles (2.1 kilometers) to the north of the Zama-1 discovery well to confirm the geological model and define the oil-water contact.

In June 2020, Talos Energy announced the bolt-on acquisition of assets from affiliates of Castex Energy 2005.

In September 2021, following Hurricane Ida, aerial images by the National Oceanic and Atmospheric Administration revealed a miles-long oil slick spreading in coastal waters approximately a mile off Port Fourchon. A spokesperson for the Coast Guard reported that the spill appeared to be in Bay Marchand, Block 4, possibly associated with a pipeline or a site owned or controlled by Talos Energy. Talos denies responsibility, but has employed several ships that are currently engaged in clean-up operations.

In February 2023, it was announced Talos Energy had acquired the Houston-headquartered oil and gas company, EnVen Energy Corporation for $1.1 billion.

From Wikipedia’s article on Talos Energy, shared under CC BY-SA 4.0.7

Leadership

Who has led Talos Energy, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (33)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Vice President of New VenturesJohn A. Parker named Mar 18, 202447

Products and brands

Talos currently operates in two jurisdictions, the U.S. Gulf of Mexico and shallow water offshore Mexico. Its operations in the U.S. Gulf of Mexico are primarily focused in deepwater, with key operational areas in the Green Canyon and Mississippi Canyon areas. Talos also maintains operations on the U.S. Gulf of Mexico Shelf. In Mexico, Talos is active in Blocks 7, 2, and 31, with Block 7 containing its globally recognized Zama discovery.

From Wikipedia’s article on Talos Energy, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Talos ERT LLC Delaware8
  • Talos Energy LLC Delaware8
  • Talos Energy Offshore LLC Delaware8
  • Talos Energy Operating Company LLC Delaware8
  • Talos Energy Phoenix LLC Delaware8
  • Talos Energy Ventures LLC Delaware8
  • Talos Exploration LLC Delaware8
  • Talos Oil & Gas LLC Delaware8
  • Talos Petroleum LLC Delaware8
  • Talos Production Finance Inc. Delaware8
  • Talos Production Inc. Delaware8
  • Talos QN Exploration LLC Delaware8
  • Talos Resources LLC Delaware8
  • Talos Third Coast LLC Delaware8

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • SAILFISH ENERGY HOLDINGS CorpDec 29, 2017 to Apr 9, 20186

Timeline

  1. Sep 24, 20268-K Executive or director change; Regulation FD disclosure48
  2. Sep 22, 20268-K Completed an acquisition or sale; Regulation FD disclosure; Other events49
  3. Aug 4, 20268-K Results of operations; Regulation FD disclosure50
  4. Jul 27, 20268-K Entered a material agreement; New debt or obligation; Regulation FD disclosure51
  5. Jul 13, 20268-K Entered a material agreement; New debt or obligation; Other events52
  6. Jul 2, 20268-K Regulation FD disclosure; Other events53
  7. Jul 1, 20268-K Regulation FD disclosure; Other events54
  8. Jun 30, 20268-K Entered a material agreement; New debt or obligation; Regulation FD disclosure55
  9. Jun 9, 20268-K Executive or director change; Shareholder vote56
  10. May 6, 20268-K Results of operations; Regulation FD disclosure57
  11. Feb 25, 20268-K Results of operations; Regulation FD disclosure58
  12. Jan 22, 20268-K Entered a material agreement; New debt or obligation; Regulation FD disclosure59
  13. 2012Founded Founded1

Calendar

Coming up

  1. Nov 3, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported ($0.21) a share, on Nov 5, 2025.60

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results50
  2. May 6, 2026Reported quarterly or annual results57
  3. Feb 25, 2026Reported quarterly or annual results58
  4. Nov 6, 2025Reported quarterly or annual results61
  5. Aug 6, 2025Reported quarterly or annual results62
  6. May 22, 2025Reported quarterly or annual results63
  7. May 6, 2025Reported quarterly or annual results64
  8. Feb 27, 2025Reported quarterly or annual results65

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

514 filings to the SEC since October 2021: 6 annual reports, 17 quarterly reports, 118 major events, 266 insider forms, 44 large holders, 1 private raises, 62 other. The latest 20:

  1. Oct 15, 20264 EDGAR
  2. Oct 15, 20264 EDGAR
  3. Oct 13, 20264 EDGAR
  4. Oct 13, 2026SCHEDULE 13D/A EDGAR
  5. Oct 8, 20263 EDGAR
  6. Oct 8, 20264 EDGAR
  7. Oct 5, 20264 EDGAR
  8. Sep 24, 20268-K EDGAR
  9. Sep 22, 20264 EDGAR
  10. Sep 22, 20264 EDGAR
  11. Sep 22, 20268-K EDGAR
  12. Sep 17, 2026SD EDGAR
  13. Sep 17, 2026SCHEDULE 13D/A EDGAR
  14. Sep 17, 20264 EDGAR
  15. Sep 11, 20264 EDGAR
  16. Sep 11, 20264 EDGAR
  17. Sep 11, 20264 EDGAR
  18. Sep 4, 20264 EDGAR
  19. Sep 2, 2026144 EDGAR
  20. Aug 31, 20264 EDGAR

The 514 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

128 open-market trades by officers, directors and large owners since October 2021: 29 buys and 99 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 15, 2026Control Empresarial de Capitales S.A. de C.V.10% ownerSale1,381,000$18.52$25.6MForm 4
Sep 2, 2026Moss William S. IIISee RemarksSale120,000$17.32$2.1MForm 4
Aug 27, 2026Babcock GregorySee RemarksSale61,307$16.74$1.0MForm 4
Aug 27, 2026Spath John B.See RemarksSale90,000$16.90$1.5MForm 4
May 20, 2026Control Empresarial de Capitales S.A. de C.V.10% ownerSale339,568$16.80$5.7MForm 4
May 19, 2026Control Empresarial de Capitales S.A. de C.V.10% ownerSale150,000$16.38$2.5MForm 4
May 18, 2026Control Empresarial de Capitales S.A. de C.V.10% ownerSale284,000$16.38$4.7MForm 4
Mar 27, 2026Control Empresarial de Capitales S.A. de C.V.10% ownerSale1,352,000$16.68$22.6MForm 4
Mar 26, 2026Control Empresarial de Capitales S.A. de C.V.10% ownerSale960,000$16.65$16.0MForm 4
Sep 3, 2025Glover Paula RDirectorSale6,159$9.69$59.7KForm 4
Sep 27, 2024Control Empresarial de Capitales S.A. de C.V.10% ownerBuy100,000$10.31$1.0MForm 4
Sep 26, 2024Control Empresarial de Capitales S.A. de C.V.10% ownerBuy336,700$10.19$3.4MForm 4
Sep 25, 2024Control Empresarial de Capitales S.A. de C.V.10% ownerBuy250,000$10.52$2.6MForm 4
Sep 5, 2024Control Empresarial de Capitales S.A. de C.V.10% ownerBuy323,000$10.84$3.5MForm 4
Sep 4, 2024Control Empresarial de Capitales S.A. de C.V.10% ownerBuy1,850,000$11.12$20.6MForm 4
Sep 3, 2024Control Empresarial de Capitales S.A. de C.V.10% ownerBuy547,000$10.92$6.0MForm 4
Aug 7, 2024Control Empresarial de Capitales S.A. de C.V.10% ownerBuy650,000$10.38$6.7MForm 4
Aug 5, 2024Control Empresarial de Capitales S.A. de C.V.10% ownerBuy343,000$9.99$3.4MForm 4
Aug 2, 2024Control Empresarial de Capitales S.A. de C.V.10% ownerBuy617,000$10.96$6.8MForm 4
Aug 1, 2024Control Empresarial de Capitales S.A. de C.V.10% ownerBuy306,000$11.50$3.5MForm 4

All 128 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Paul R. GoodfellowPresident & CEO$819.6K$9.4M76
2025John B. SpathEVP, Head of Operations$501.0K$3.1M76
2025William S. Moss III( 6 ) EVP, General Counsel$475.8K$3.0M76
2025Sergio L. Maiworm, Jr.Former EVP & CFO$242.2K$2.3M76
2025Gregory M. BabcockFormer Interim CFO; VP & Chief Accounting Officer$431.5K$1.6M76
2025Zachary B. DaileyEVP & CFO$170.6K$1.0M76
2025William LanginEVP, Exploration & Development$131.8K$658.9K76
2025Joseph A. MillsFormer Interim President and CEO$6.7K$245.5K76
2024Sergio L. Maiworm, Jr.Former EVP & CFO$486.7K$3.1M76
2024John B. SpathEVP, Head of Operations$486.5K$2.8M76
2024William S. Moss III( 6 ) EVP, General Counsel$456.2K$2.6M76
2024Joseph A. MillsFormer Interim President and CEO$377.5K$992.9K76
2023William S. Moss III( 6 ) EVP, General Counsel$450.9K$2.3M76
2023Sergio L. Maiworm, Jr.Former EVP & CFO$387.8K$1.4M76

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Mar 4, 2024Raised $322.6 million in a private offering of equity Form D: 187 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.19,891,604$256.8M0.0%+331,876
Dimensional Fund Advisors LP9,818,903$126.8M0.0%+350,350
State Street Corp8,231,706$106.3M0.0%+224,757
Sourcerock Group LLC6,895,998$89.0M4.6%−1,053,405
American Century Companies Inc6,226,170$80.4M0.0%+356,383
Vanguard Capital Management LLC5,270,999$68.0M0.0%−72,394
Canada Pension Plan Investment Board4,018,100$51.9M0.0%−700
Geode Capital Management, LLC3,633,117$46.9M0.0%+541,071
Vanguard Portfolio Management LLC3,559,639$46.0M0.0%+235,926
BNP PARIBAS ASSET MANAGEMENT Holding S.A.2,780,493$35.9M0.0%+92,623
Ameriprise Financial Inc2,474,640$31.9M0.0%+1,018,440
Charles Schwab Investment Management Inc2,364,461$30.5M0.0%−86,877
First Eagle Investment Management, LLC2,254,600$29.1M0.0%+1,750,700
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC2,246,238$29.0M0.0%−184,178
Webs Creek Capital Management LP2,094,452$27.0M5.1%−938,240
Encompass Capital Advisors LLC1,747,661$22.6M1.0%New
Northern Trust Corp1,345,642$17.4M0.0%+74,853
Morgan Stanley1,340,746$17.3M0.0%−617,183
Empowered Funds, LLC1,261,052$16.3M0.1%+108,458
Federated Hermes, Inc.1,251,927$16.2M0.0%+248,256
Bridgeway Capital Management, LLC1,244,036$16.1M0.3%−64,668
Goldman Sachs Group Inc1,165,120$15.0M0.0%+111,833
MacKay Shields LLC1,163,908$15.0M1.8%−165,189
Invesco Ltd.1,075,541$13.9M0.0%−82,734
Philosophy Capital Management LLC1,050,000$13.6M1.3%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Talos Energy is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTALOS ENERGY INC.2
  • CIK0001724965
  • Employer ID (EIN)82-353264277
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company77
  • Incorporated inDelaware77
  • Fiscal year endsDecember 312
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address333 Clay Street, Suite 3300, Houston, TX 770022
  • Phone713-328-30002
  • Shares outstanding166,965,468 as of Jul 28, 202615
  • Public float$1.1B as of Jun 30, 202577
  • AuditorErnst & Young LLP, Houston, Texas PCAOB ID 42; it also attests to the company’s internal control over financial reporting77
  • On EDGAR sinceDec 29, 20172
  • Filings809 in all: 4 (307), 8-K (212), 3 (37), 4/A (28), 10-Q (25), CORRESP (18), SC 13G/A (18), SC 13D/A (15)2
    All 48 form types

    UPLOAD (15), SC 13G (13), 424B3 (10), 425 (9), 10-K (8), DEF 14A (8), EFFECT (7), S-4/A (6), SCHEDULE 13G/A (6), S-8 (5), 144 (4), 8-K/A (4), ARS (4), S-3ASR (4), S-4 (4), SC 13D (4), SCHEDULE 13D/A (4), 3/A (3), DEFA14A (3), S-3 (3), SD (3), 10-Q/A (2), 424B5 (2), SCHEDULE 13G (2), 10-K/A (1), 15-12G (1), 25-NSE (1), 424B7 (1), 8-A12B (1), 8-A12B/A (1), 8-K12B (1), 8-K12B/A (1), CERT (1), D (1), DEF 14C (1), DEFM14A (1), PRE 14A (1), PREM14C (1), PRER14C (1), S-3/A (1)

  • Latest filingsAnnual report (10-K) Feb 25, 2026
    Quarterly report (10-Q) Aug 5, 2026
    Proxy statement (DEF 14A) Apr 22, 2026
    Latest 8-K (8-K) Sep 24, 2026

Securities registered for trading

ClassSymbolExchange
Common StockTALONew York Stock Exchange

From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).77

Risk factors and legal proceedings

The risks Talos Energy names in Item 1A of its 10-K filed Feb 25, 2026: 48 risks under these headings, as written.77

  • Risks Related to our Business and the Oil and Natural Gas Industry
  • Oil and natural gas prices are volatile and prolonged price declines could materially adversely affect our business, financial condition, results of operations, cash flows, access to capital, and our ability to replace and grow future production.
  • If we are unable to replace oil and natural gas reserves, we may not be able to sustain or grow our business.
  • Future exploration and drilling results are uncertain and involve substantial costs.
  • Our current operations are primarily concentrated in a single geographic region, making us vulnerable to regional risks.
  • Global geopolitical tensions may increase volatility in oil, gas and NGL prices and could adversely affect our business.
  • Our actual recovery of reserves may differ substantially from our proved reserve estimates.
  • Our future asset retirement obligations, including plugging and abandonment expenditures and decommissioning costs, are difficult to predict, may vary significantly from period to period and could materially adversely affect our current and future financial results.
  • We risk losing leases if we cannot drill before such leases expire.
  • We depend on infrastructure to market and deliver our production.
  • Inflation and interest rate changes could increase our costs.
  • We may not be able to obtain sufficient surety bonds on reasonably acceptable terms to conduct our business.
The other 37 risks
  • Technology and cybersecurity threats could disrupt our operations and cause reputational and financial harm to our business.
  • We have limited control over the activities on properties we do not operate.
  • Hedging transactions may limit our potential gains and expose us to other risks.
  • Compliance with environmental laws, including legal requirements related to marine life and endangered and threatened species, could increase our costs and limit operations.
  • Regulatory changes could restrict, delay or prohibit oil and natural gas exploration, development and production activities or access to leases, which could have a material adverse effect on our business, financial condition or results of operations.
  • Production shut-ins could increase costs and reduce future production.
  • Severe weather or public health events could disrupt production and reduce revenues.
  • We are not insured against all of the operating risks to which our business is exposed.
  • Our actual production could differ materially from our forecasts.
  • Our strategy emphasizes Deepwater exploration and development, which involves significantly higher operational and financial risks than operations in shallower waters. Deepwater activities in the Gulf of America are complex, capital‑intensive, and subject to a wide range of uncertainties.
  • Intense industry competition could limit our growth and increase costs.
  • The loss of a significant customer could materially reduce our revenue and materially adversely affect our business.
  • We rely on skilled and experienced personnel, and shortages in such personnel, higher labor costs or the loss of key management could adversely affect our ability to operate.
  • We have various contractual commitments. Our failure to satisfy these commitments could adversely affect our results of operations and financial position.
  • We have operations in multiple jurisdictions and our tax obligations and related filings are complex. In addition, changes in tax laws or their interpretation could increase our tax obligations and reduce after-tax profitability.
  • Our future tax liabilities may be greater than expected if our ability to use our net operating loss (“NOL”) and interest expense carryforwards are limited, which may adversely affect our results of operations and cash flows.
  • Our Mexican operations are subject to evolving regulatory and environmental requirements that could increase costs and create compliance risks.
  • Seismic data interpretation does not guarantee the presence of commercially viable hydrocarbons.
  • Violation of anti-corruption laws, including the U.S. Foreign Corrupt Practices Act, could result in severe penalties and loss of key contracts.
  • Our business faces risks related to climate change concerns that could increase our operating costs, restrict where we can operate, and reduce demand for the crude oil and natural gas that we produce.
  • Evolving expectations, regulations and related scrutiny regarding environmental, social and governance matters could impact our business and stock price.
  • Changes in U.S. trade policy, including tariffs or other restrictions, could increase costs and adversely affect our business.
  • We may not realize expected benefits from future acquisitions, and integration challenges could harm our business.
  • Acquisitions and current assets expose us to potentially significant liabilities, including abandonment obligations.
  • Litigation outcomes could materially affect our financial condition.
  • Lower oil and natural gas prices and other factors have resulted in, and may in the future result in additional, ceiling test impairments and other impairments of our asset carrying values.
  • A prolonged government shutdown or lapse in federal appropriations could disrupt our offshore operations and delay required regulatory approvals.
  • We previously identified material weaknesses in our internal control over financial reporting that could have, had they not been remediated, resulted in material misstatements in our financial statements and caused us to fail to meet our reporting and financial obligations.
  • Risks Related to our Capital Structure and Ownership of our Common Stock
  • Our debt level and related covenants in our current or future credit agreement and indentures could restrict our operations, and failure to comply with the covenants could result in accelerated payment obligations.
  • The Carlos Slim family’s significant ownership and voting power may create conflicts of interest and influence shareholder votes and major strategic decisions.
  • A financial crisis or disruption in credit markets could limit our access to funding and adversely impact our ability to do business.
  • We require substantial capital to fund our operations and replace our production and may not be able to obtain financing on acceptable terms.
  • As a holding company, we depend on distributions from Talos Production Inc. and our subsidiaries to meet our obligations.
  • Our charter allows certain directors and stockholders to pursue business opportunities that may not be offered to us.
  • Our charter includes exclusive forum provisions that may limit stockholder’s ability to choose a judicial forum for disputes.
  • Future sales, or the perception of future sales, of our stock could lower our share price and dilute the holdings of our existing stockholders.
  • Stockholder activism could disrupt our business and harm our stock price.

Legal proceedings

We are named as a party in certain lawsuits and regulatory proceedings arising in the ordinary course of business. We do not expect that these matters, individually or in the aggregate, will have a material adverse effect on our financial condition.

The opening of Item 3, Legal Proceedings.77

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
    Yahoo FinanceTALO quote
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77